EMCC European Monitoring Centre on Change

GSG Towers

Company/Organisation:
GSG Towers

Geographic Location

Country: Poland
Region: Gdanski; Pomorskie; Polnocny
Location of affected unit(s): Gdańsk

Company

Sector: Manufacturing
Manufacture of electrical equipment
27.1 - Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus

Employment Effects

Announcement Date: 21-10-2016
Type of Restructuring: Business expansion
Employment Effect Start: 21-10-2016
Foreseen End Date: 31-12-2017
Planned Job Creation: 100

Additional Information

GSG Tower has announced that it will create 100 new jobs at the Gdańsk Shipyard by the end of 2017. The company has launched a new investment in the field of manufacturing wind towers and steel structures. The company has implemented an investment programme of a total worth of PLN 160 million (EUR 37 million USD 41.13 million). The investment implies that the existing production capacity of the factory will be doubled and it will increase to 300 wind towers annually.

GSG Towers was established in 2010 as a SPV (special purpose vehicle) within GSG Group in order to enter to the production of wind towers. The company is also a part of Gdańsk Shipyard Group.